WTI Crude Oil (USOIL) Bullish Pullback Setup – Targeting $66.70 Entry Point: Around $62.30 - $62.26
Stop Loss: Set below the entry zone at $61.65, with a potential lower buffer at $60.90
Target Zone (EA TARGET POINT): Between $66.62 and $67.00
A projected gain of 4.22 points (~6.77%)
📈 Price Action & Indicators:
The price had a strong bullish run recently an
Hellena | Oil (4H): SHORT to support area of 56,339.Colleagues, I was watching the price and was expecting a pattern for a reversal downtrend. I still expect a downward movement and believe that the price is in a combined correction.
This means that wave “B” has been formed and I expect wave “C” to reach at least the 56,339 area.
Manage your capita
USOIL Weekly Analysis – Major Breakdown and Retest in PlayAfter several months of holding firm, USOIL has finally broken below its key support zone around $67–$70, which had acted as a floor since mid-2021 . This is a significant technical development, and the current price action is showing a classic bearish retest of that broken structure.
Technical
WTI OIL 1H Channel Up make or break Targets.WTI Oil (USOIL) has been trading within a Channel Up on the 1H time-frame that is supported by the 1H MA200 (orange trend-line). As long as this holds, we expect another +2.50% Bullish Leg (at least), which gives a Target of $63.55.
If the price breaks below the 1H MA200 though, we will take this s
Bullish bounce off overlap support?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 59.97
1st Support: 57.60
1st Resistance: 63.27
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you
USOILUSOIL is in a correction phase. If the price can stay above 61.5, it is expected that the price will rebound. Consider buying in the red zone.
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Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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WTI Crude Oil Price Targets Fresh GainsWTI Crude Oil Price Targets Fresh Gains
WTI Crude oil prices are gaining bullish momentum and might even test $63.50.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude climbed above the $60.90 and $61.50 resistance levels.
- There is a key rising channel forming with supp
WTI CRUDE OIL: Mirror pattern calls for a sell.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 50.222, MACD = -0.370, ADX = 25.154) as the price is just under the 1D MA50, where it got rejected last Tuesday. In the meantime, it has the support of the 4H MA50, hence stuck inside a neutral range. This pattern is however identical to Ap
Bullish bounce?WTI Oil (XTI/USD) has bounced off the pivot, which acts as an overlap support that is slightly above the 50% Fibonacci retracement and could rise to the 1st resistance.
Pivot: 60.07
1st Support: 57.67
1st Resistance: 64.55
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your
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Displays a symbol's price movements over previous years to identify recurring trends.